Syllabus.tex

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\begin{center}{{\tiny \url{http://ccarrollATjhuecon.github.io/Choice-Syllabus-Latest}}}\end{center}

\begin{verbatimwrite}{\texname.title}
Syllabus for Intertemporal Choice
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{\tiny \href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/Syllabus.pdf}{\texname} \hfill \today}

{\LARGE Macroeconomic Theory I: Intertemporal Choice}
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\smallskip

Professor \href{http://www.econ2.jhu.edu/people/ccarroll}{Christopher D. Carroll}

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\medskip\medskip
Office Hours: \href{https://calendar.google.com/calendar/selfsched?sstoken=UUNxMjFfNUtvakNSfGRlZmF1bHR8NjZhZDA0NmI3YmE5N2Y5N2Y3YjE2MzI5ZDg5YTYwYjQ}{Make An Appointment Yourself (read the ``rules'' link)}

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\small
Teaching Assistant:  \\
Adrian Monninger \texttt{<\href{mailto:amonnin1@jhu.edu}{\texttt{amonnin1@jhu.edu}}>}
\\ Office Hours: TBD
\\ There is a required section of one hour, meeting at time Y, in room Z.
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\begin{small}

If you're a Google Calendar user, you should be able to subscribe to the course calendar using the following Calendar ID (after logging into your Google account, copy and paste the text into the ``Other Calendars'' box in \href{http://calendar.google.com}{\texttt{http://calendar.google.com}}):

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\centerline{\texttt{jhuecon.org\_v2kso2hp1memk0vka1gomvorm8@group.calendar.google.com}}
\medskip

If you are not yet a Google Calendar user, you should become one; items that I post on the calendar will be viewed as having been distributed to the class.  If you insist on boycotting Google, however, you can see the calendar if you click \href{https://www.google.com/calendar/embed?src=jhuecon.org_v2kso2hp1memk0vka1gomvorm8\%40group.calendar.google.com\&ctz=America/New_York}{\bf HERE}

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\medskip\medskip

This course presents theory and evidence about the dynamic behavior of
households, firms, and the macroeconomy as a whole.  We will begin
with a thorough discussion of the consumption/saving problem of
households, including the role of uncertainty, and then discuss
investment behavior of firms, including the relationship between
financial markets and firm behavior.  We move next to a discussion of
the application of dynamic models of firms and households to the
process of economic growth, and conclude by studying aggregate
macroeconomic models with dynamically optimizing firms and households.

This syllabus contains required and recommended readings for each
topic.  Required readings are indicated by a ${*}$. 

You should own a copy of the texts by \cite{blanchard&fischer:text}, \cite{deatonUnderstandingC}, 
\cite{romer:text} and \cite{lsRecurse}.

{\small Students from other departments are welcome to take the course, but 
they should be prepared for regular use of higher mathematics (multivariate
calculus, probability and statistics, functional analysis) which will be employed
later in the course.}

\medskip\medskip
\noindent Course handouts are available at: 
\medskip

\texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/LectureNotes}{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/LectureNotes}}

\pagebreak


\begin{verbatimwrite}{./Sections/Method/title.tex}
Methodology for Macroeconomists
\end{verbatimwrite}
\section{Course Intro: Methodology for Macroeconomists}

\begin{verbatimwrite}{./Sections/Method/body.tex}

\begin{itemize}
\item[Bib:] \href{http://www.econ2.jhu.edu/people/ccarroll/courses/choice/Syllabus/Method.bib}{Method.bib}
\item[Handouts:]  \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/choice/lecturenotes/CourseIntro}{CourseIntro}}
\item[Readings:]
\end{itemize}

% \newcommand{\si}{\cite{summersIllusion}}
% \newcommand{\ac}{\cite{acemogluCrisis}}
% \newcommand{\gk}{\cite{grantKeynes}}
% %\newcommand{\kt}{\cite{krugmanThoughts}}
% \newcommand{\kh}{\cite{krugmanHistory}}
% \newcommand{\cp}{\cite{caballeroPretense}}
% \newcommand{\rr}{\cite{rodrikRules}}
% \newcommand{\bf}{\cite{barberaFight}}     

\begin{itemize} 
\reqd \cite{summersIllusion}  
\reqd \cite{acemogluCrisis}   
%\reqd \cite{keynesMaster}      
%\reqd \cite{krugmanThoughts} 
\reqd \cite{krugmanHistory}   
\reqd \cite{caballeroPretense}
%\reqd \cite{rodrikRules}      
\reqd \cite{barberaFight}     
\reqd \cite{romerTrouble}
%\reqd \cite{kocherlakotaTrouble}
\end{itemize}

\end{verbatimwrite}

\input ./Sections/Method/body.tex

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\immediate{\write18{cp /Volumes/Data/Courses/Choice/Syllabus/LaTeX/Sections/Method/Method.bib /Volumes/Sync/jhpulse.johnshopkins.edu/www.econ2.jhu.edu/people/ccarroll/courses/choice/Syllabus/Method.bib}} 
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\begin{verbatimwrite}{./Sections/Consumption/title.tex}
Consumption
\end{verbatimwrite}

\section{Consumption}\label{sec:consumption}
\begin{verbatimwrite}{./Sections/Consumption/body.tex}

\begin{itemize}
\item[Bib:] \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/Syllabus/Consumption.bib}{Consumption.bib}}
\item[Handouts:] \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/LectureNotes/Consumption/}{Consumption}}
\item[Readings:]
\end{itemize}

\newcommand{\IntroC}{Introduction and Overview}
\subsection{\IntroC}\label{subsec:\IntroC}

\newcommand{\dt}{\cite{deatonUnderstandingC}}
\newcommand{\fr}{\cite{friedmanATheory}}
\bi
\reqd \fr, Chapters I, II, III
\reqd \dt, Preface; pp. 76-81
\ei

\subsection{The Life Cycle and Overlapping Generations Models}

\providecommand{\blf}{\cite{blanchard&fischer:text}}
\providecommand{\ro}{\cite{romer:text}}
\bi
\reqd \dt, pp. 1-6
\reqd \blf, Chapter 3: Introduction, pp. 91-113
\recm \cite{diamond:olg}
\recm \cite{feldstein:induced}
\reqd \cite{modigliani:nobel}
\recm \cite{summersCapTax}
\recm \cite{pemberton:failure}
\reqd \cite{carroll&summers:cparallelsy}
\ei

\subsection{The Infinite Horizon Representative Agent Model}

\bi
\reqd \dt, Chapter 3
\reqd \cite{hallRandomWalk}
\recm \cite{flavinSensitive}
\recm \cite{cdSmooth}
\reqd \cite{cmModel}
\recm \cite{hallSubstitution}
\recm \cite{cfwSentiment}
\ei

\subsection{Consumption with Uncertainty and/or Liquidity Constraints}

\bi
\reqd \dt, Chapter 6
\recm \cite{zeldes_jpe89}
\recm \cite{caballero:jme}
\recm \cite{deatonLiqConstr}
\recm \cite{toche:urisk}
\reqd \cite{carroll:atheorynberwp}
\reqd \cite{CarrollKimballPSPW}
\reqd \cite{carroll&summers:cparallelsy}
\recm \cite{BufferStockTheory}
\recm \cite{carroll:death}
\ei

\subsection{Consumption Based Asset Pricing}

\bi
\reqd \cite{lucas:assetpricing}
\reqd \cite{mehraPrescottPuzzle}
\recm \cite{blanchard:burstingbubbles}
\recm \cite{carrollIrrational}
\ei
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\input ./Sections/Consumption/body.tex

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\immediate{\write18{/Volumes/Data/Courses/Choice/Syllabus/LaTeX/Sections/Consumption/Consumption.bib /Volumes/Sync/jhpulse.johnshopkins.edu/www.econ2.jhu.edu/people/ccarroll/courses/choice/Syllabus/Consumption.bib}} 
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\begin{verbatimwrite}{./Sections/Investment/title.tex}
Investment
\end{verbatimwrite}

\section{Investment}\label{sec:Investment}
\begin{verbatimwrite}{./Sections/Investment/body.tex}
\begin{itemize}
\item[Bib:] \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/Syllabus/Investment.bib}{Investment.bib}}
\item[Handouts:]  \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/choice/LectureNotes/Investment}{Investment}}
\item[Readings:]
\end{itemize}

\providecommand{\blf}{\cite{blanchard&fischer:text}}
\providecommand{\ro}{\cite{romer:text}}

\bi
\reqd \blf, Chapter 2, pages 58--69; Chapter 6, pp 291--302
\recm \cite{hall&jorgenson:i}
\reqd \cite{hayashi:q}
\reqd \cite{abel&eberly:unified}
\reqd \cite{chh:reconsider}
\ei

\end{verbatimwrite}

\input ./Sections/Investment/body.tex

\begin{verbatimwrite}{./Sections/Growth/title.tex}
Growth
\end{verbatimwrite}

\ifPost
\immediate{\write18{/Volumes/Data/Courses/Tools/makePost/Syllabus/makeSection.sh Choice Investment}} 
\immediate{\write18{cp /Volumes/Data/Courses/Choice/Syllabus/LaTeX/Sections/Investment/Investment.bib /Volumes/Sync/jhpulse.johnshopkins.edu/www.econ2.jhu.edu/people/ccarroll/courses/choice/Syllabus/Investment.bib}} 
\fi

\section{Growth}\label{sec:Growth}

\begin{verbatimwrite}{./Sections/Growth/body.tex}

\providecommand{\blf}{\cite{blanchard&fischer:text}}
\providecommand{\ro}{\cite{romer:text}}
\begin{itemize}
\item[Bib:] \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/Syllabus/Growth.bib}{Growth.bib}}
\item[Handouts:]  \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/choice/LectureNotes/Growth/}{Growth}}
\end{itemize}
\bi
\reqd \blf, Chapter 2, pp 37-57
\reqd \cite{deatonStateCapacity}
\reqd \cite{salaimartin:lecnotes}
\recm \cite{king&rebelo:trans}
\recm \cite{phelps:golden}
\ei

\end{verbatimwrite}

\input ./Sections/Growth/body.tex

\ifPost
\immediate{\write18{/Volumes/Data/Courses/Tools/makePost/Syllabus/makeSection.sh Choice Growth}} 
\immediate{\write18{cp /Volumes/Data/Courses/Choice/Syllabus/LaTeX/Sections/Growth/Growth.bib /Volumes/Sync/jhpulse.johnshopkins.edu/www.econ2.jhu.edu/people/ccarroll/courses/choice/Syllabus/Growth.bib}} 
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\begin{verbatimwrite}{./Sections/DSGEModels/title.tex}
Real Business Cycle Models
\end{verbatimwrite}

\section{Real Business Cycle Models}
\begin{verbatimwrite}{./Sections/DSGEModels/body.tex}
\begin{itemize}
\item[Bib:] \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/Choice/Syllabus/DSGEModels.bib}{DSGEModels.bib}}
\item[Handouts:]  \texttt{\href{http://www.econ2.jhu.edu/people/ccarroll/courses/choice/LectureNotes/DSGEModels}{DSGEModels}}
\end{itemize}

\providecommand{\blf}{\cite{blanchard&fischer:text}}
\providecommand{\ro}{\cite{romer:text}}
\bi
\reqd \blf, Chapter 1
\reqd \blf, Chapter 7
\reqd \cite{prescottTheoryAhead}
\reqd \cite{summers:skeptical}
\ei

\end{verbatimwrite}

\input ./Sections/DSGEModels/body.tex

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\pagebreak

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